CRA International, Inc. (NASDAQ:CRAI) Stock Position Decreased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its stake in CRA International, Inc. (NASDAQ:CRAI) by 38.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,065 shares of the business services provider’s stock after selling 3,805 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 0.09% of CRA International worth $1,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB purchased a new position in CRA International in the 1st quarter worth about $26,924,000. Bank of New York Mellon Corp raised its holdings in shares of CRA International by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock valued at $10,532,000 after acquiring an additional 1,705 shares during the period. Russell Investments Group Ltd. lifted its position in shares of CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 1,912 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in CRA International by 48.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider’s stock worth $782,000 after purchasing an additional 1,460 shares during the period. Finally, Kennedy Capital Management LLC grew its position in CRA International by 3.6% during the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after purchasing an additional 117 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRAI has been the subject of a number of research analyst reports. Barrington Research increased their target price on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

CRA International Stock Performance

CRA International stock opened at $189.25 on Friday. CRA International, Inc. has a twelve month low of $92.07 and a twelve month high of $208.38. The firm has a market cap of $1.28 billion, a PE ratio of 30.62, a P/E/G ratio of 1.77 and a beta of 1.13. The firm’s 50 day moving average price is $181.32 and its two-hundred day moving average price is $172.88.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. CRA International had a net margin of 6.41% and a return on equity of 24.46%. The business had revenue of $167.75 million for the quarter, compared to the consensus estimate of $166.83 million. During the same period in the prior year, the business posted $1.13 earnings per share. Equities analysts anticipate that CRA International, Inc. will post 7.08 EPS for the current fiscal year.

CRA International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from CRA International’s previous quarterly dividend of $0.42. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. CRA International’s dividend payout ratio (DPR) is 27.18%.

Insider Activity

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the completion of the sale, the chief executive officer now directly owns 159,212 shares in the company, valued at $25,208,035.96. The trade was a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.